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Tags:Selling a Home in a Buyer's Market,buyers market,kiplinger,real estate,selling a home,selling your home,tips to sell your home
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Kevin McCormally: I’m Kevin McCormally of Kiplinger’s and I’m here with Pat Esswein the Housing Editor of Kiplinger’r Personal Finance Magazine to talk about selling a house in a buyers market. That would a difference a couple of years and makes it use to be that was a sellers market you could put anything on the market and it would sell like this buyers was gambling and bidding and things are just turn around completely. How do you sell you house in a buyers market? Pat Esswein: Well probably the first thing you need to remember as a seller now is that your house when you put it on the market is no longer your calm, it’s a product you have to prepare it for sell and market it as such. So the three things that anyone, any real estate agent will tell you, you need to do is to clean it and diluter it and present it in good condition. Kevin McCormally: Okay let’s take the first to the three C’s, cleaning what do you mean by that I tried to keep my house clean now. Pat Esswein: We all do but we all probably leave with more mess and dirt than most buyers would like to see on a home so now it’s a time to clean your home with ensures its life. Kevin McCormally: What about diclutter in the house, what do you mean by that? Pat Esswein: You know you are going to have to pack up everything when you move anyway so why not do it now, pack it up and if don’t want to hire a storage facility then line the boxes up neatly in your garage and that’s also an indication to prospective buyers that you’re a serious seller. Kevin McCormally: Okay and you talk about putting a house in a good condition and that means repairs, what kind of repairs you are talking about, minor repairs? Pat Esswein: We want to start with minor repairs, lots of us live with little imperfection that we just don’t get around to fixing. Those don’t take a lot of money or effort to fix. Kevin McCormally: Like what I am talking about. Pat Esswein: Well if you had a crack window, maybe you have as quickie front door there is a core first impression or maybe a leaky water faucet. Kevin McCormally: What about bigger repair, what is major repairs should you tackle them before you sell your house? Pat Esswein: You may have too, in this market if there are another houses to look at buyers may walk away from your house if the house has major repair that needs doing. Say, the roof needs fixing if money is an issue with this point you may want to ask contractors if they willing accept at closing that’s one way to handle that. Kevin McCormally: So you might have to put a new roof on, what about renovating the kitchens that something to do at this point? Pat Esswein: No definitely not, you can do minor cosmetic updates like maybe changing out of a faucet or replacing a countertop but this is definitely not the time to put a lot of money into renovating a kitchen or bathroom in a slower market like this you may not recruit the cost that sell. Kevin McCormally: Okay thank you Pat.